Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Indonesian Rupiah/Swiss Franc (FOREX:IDRCHF)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for IDRCHF
The long term trend has been UP since Nov 8th, 2018 at 0.006911
The intermediate term trend has been DOWN since Dec 11th, 2018 at 0.006766
The short term trend has been DOWN since Dec 5th, 2018 at 0.006945
Smart Scan Analysis for IDRCHF
Based on a pre-defined weighted trend formula for chart analysis, IDRCHF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).